UltraTech may leave competitors behind with capacity addition
The country’s largest cement manufacturer will increase the capacity by close to 40 million tonnes (MT) to 154 MT in two phases by the end of FY25.
S&P 500 ends choppy session nearly flat; investors eye Fed, earnings
S&P 500 earnings are expected to have climbed 6.1% for the second quarter from the year-ago period, according to IBES data from Refinitiv. Along with inflation and rising interest rates, investors have been concerned about the impact of currency headwinds and lingering supply chain issues for companies this earnings season.
RIL falls over 3%: most negatives priced in, GRMs still a concern
Analysts said the stock, which has been hit by worries around the windfall tax on diesel and gasoline exports recently, has priced in most of the negatives and valuations are attractive though a runaway rally is unlikely soon.
Axis Bank beats estimates, Q1 net profit surges 91%
Net interest income, or the core income of the bank, rose 21% on year to ₹9,384 crore at the end of the June quarter versus ₹7,760 crore a year ago. The net interest margins rose 14 basis points to 3.60%. One basis point is 0.01%.
What to do with HDFC MF schemes formerly managed by Prashant Jain
Wealth managers said the change in fund managers warrants caution among investors. Unitholders of these schemes must hold back from making fresh investors but should not exit, said Roopali Prabhu, CIO, Sanctum Wealth.